Are you a first-time homebuyer?
HUD states that first-time homebuyer is an individual who meets any of the following criteria:
An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property.
This includes a spouse (if either meets the above test, they are considered first-time homebuyers).
A single parent who has only owned with a former spouse while married;
An individual who is a displaced homemaker and has only owned with a spouse;
An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations; or
An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.